Read this in The Manila Times digital edition.
AFTER its opening up in the 1970s, China's rapid growth into the second-largest economy in the world, with growing global economic and political influence today, makes China not only one of the most influential countries in today's international politics and economics but also an inspiration to the developing world.
In just more than four decades, China's economic miracle, anchored on China's reform and opening-up, has made China the largest trading country in the world. It is the second-biggest investment source, and its GDP growth in terms of purchasing power parity (PPP) equivalence has been thus far the largest in the world for over a decade now. It is the world's second-largest economy and the largest and strongest in the Global South.
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